Venturi Wealth Management LLC Purchases 242,503 Shares of Capital Group Municipal Income ETF $CGMU

Venturi Wealth Management LLC increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 23.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,267,444 shares of the company’s stock after acquiring an additional 242,503 shares during the period. Capital Group Municipal Income ETF comprises 1.6% of Venturi Wealth Management LLC’s investment portfolio, making the stock its 16th biggest position. Venturi Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $34,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after purchasing an additional 125,592 shares in the last quarter. Confluence Wealth Services Inc. boosted its holdings in Capital Group Municipal Income ETF by 49.8% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after purchasing an additional 371,573 shares in the last quarter. RMR Wealth Builders acquired a new position in Capital Group Municipal Income ETF during the fourth quarter worth $9,251,000. Legacy Private Trust Co. acquired a new position in Capital Group Municipal Income ETF during the fourth quarter worth $2,484,000. Finally, McNamara Financial Services Inc. bought a new position in Capital Group Municipal Income ETF during the fourth quarter valued at about $7,041,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.50 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.58 and a fifty-two week high of $27.93. The stock’s 50-day moving average is $27.38 and its two-hundred day moving average is $27.46.

Capital Group Municipal Income ETF Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.